Have you been contemplating entering the property market? About 89% of property owners use a broker or real estate agent when selling or buying a property. This expert can help you understand the entire property selling or property buying process and avoid potential pitfalls. Therefore, choosing the right real estate agent is important to ensure a successful property selling or buying transaction.
Four essential questions to ask a potential agent
Generally selling your property is a significant financial transaction. That means selecting a competent real estate broker is crucial. In case you spotted a good property at Movoto.com or any other reputation property listing platform, it’s time to hire a real estate agent. Here are essential questions that you must ask when interviewing potential real estate agents to ensure that you choose the best.
- How long have you been working as a real estate agent?
The answers that the potential real estate agent will give can help you determine how long they have been interacting with the property buyers and sellers and their overall knowledge of the local real estate market. Ask the agent about the properties they are sold within your area in the past several months for how much and how long.
Find out more about the prices of comparable homes in the area. Remember listing your property at the right price is crucial, so it is essential to ask if the agent as head to lower the price of a property to sell it. An excellent real estate agent may not agree to market a home that is considered overpriced.
- What’s your property marketing plan?
The prospective agent should give a detailed description of the entire property marketing plan. Find out if the real estate broker is creative enough to get your property out there. Ask the broker how they will make your home stand out from the list of her the hundreds of homes that buyers may also want to consider.
Keep in mind that digital marketing is becoming a crucial component of real estate, particularly sales. Therefore, ask the potential real estate broker to share their detailed digital marketing plan just to be sure your property will be listed in the right platforms such as movoto.com.
- Will you keep me informed of your property marketing progress? If yes, how?
The real estate broker should specify the channel of communication. This could be email, text, phone, and other appropriate channels of communication that are legally acceptable. Find out if the agent will commit to a regular schedule of activity reports and written marketing. Ask if you will be able to get their attention anytime during the property marketing period.
In the event that the real estate agent isn’t available, find out if they have a skilled colleague who can cover for them.
- What’s your commission?
You want to know how much the real estate agent charges as standard commission. Generally, this commission is approximately 6% and is usually split between the buyer’s agent and the sales agent also named as the real estate listing agent. Part of this 6% goes to the listing brokerage, and that means the agent will personally receive a cut that ranges from 60% to 90% of the commission that you pay.
Keep in mind that the amount of commission isn’t set on stone. That means there is always a room for negotiations. Ask the agent to give you a budget and clarify all the sales-related expenses associated with the commission. This will help you know the specific expenses that you will have to pay for yourself.
After asking these questions, the potential real estate broker will give you several answers. It is up to you to analyze these answers and make the right hire.
Hire someone who can offer expert advice in the process of listing marketing and selling your home. During the initial interview, ask the agent if there are necessary changes that could make your property more desirable. The right real estate agent will make these suggestions.
If you intend to sell your home within a short. Hire a real estate agent who you feel comfortable with. For your property to sell quickly and at a good price the property listing platform and the real estate agent must be in the same page in terms of the specific amount to be set, marketing strategy for the property, and how the property will be shown.
Even if you have been selling properties before it’s not a good idea to handle the entire selling process on your own. They offer you should hire an experienced real estate agent who can help streamline the entire process of preparing the property for sale listing the property on the right platforms marketing it and interacting with the potential buyers.